Power Grid Corporation Opens Special Window for Transfer and Dematerialisation of Physical Securities

2 min read     Updated on 12 May 2026, 04:28 AM
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AI Summary

Power Grid Corporation of India, a Maharatna PSU, has opened a one-year special window from February 05, 2026 to February 04, 2027 for transfer and dematerialisation of physical securities sold or purchased prior to April 01, 2019, in compliance with SEBI Circular dated January 30, 2026. Eligible shareholders can submit requests via the company email or through KFin Technologies Limited, with transferred securities subject to a one-year lock-in period. Cases involving disputes between transferor and transferee, or securities transferred to IEPF, are excluded from the special window.

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Power Grid Corporation of India , a Government of India Enterprise and Maharatna PSU, has announced the opening of a special window to facilitate the transfer and dematerialisation of physical securities. The announcement, made by Company Secretary and Compliance Officer Satyaprakash Dash on May 11, 2026, was formally communicated to the National Stock Exchange of India Limited and BSE Limited, and subsequently published in newspapers as required under the applicable SEBI Circular.

Special Window: Key Details

The special window has been opened in compliance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The window is designed to ease the process of transfer and dematerialisation (demat) for physical securities that were sold or purchased prior to April 01, 2019. The following table summarises the key parameters of the special window:

Parameter: Details
SEBI Circular Reference: HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026
Window Open Date: February 05, 2026
Window Close Date: February 04, 2027
Eligible Securities: Physical securities sold/purchased prior to April 01, 2019
Mode of Credit: Demat mode only
Lock-in Period: One year from the date of registration of transfer

Eligibility and Submission Process

The special window also covers transfer requests that were previously submitted but were rejected, returned, or not attended to due to deficiency in documents, process, or any other reason. Eligible shareholders may submit their requests through the following channels:

Shareholders are required to submit their requests along with the requisite documents as specified in the SEBI Circular.

Restrictions During the Lock-in Period

During the one-year lock-in period from the date of registration of transfer, the transferred securities shall not be:

  • Transferred
  • Lien-marked
  • Pledged

Exclusions from the Special Window

Certain categories of cases are not eligible for processing under this special window:

  • Cases involving disputes between transferor and transferee — such matters may be settled through court or NCLT process.
  • Securities that have been transferred to the Investor Education and Protection Fund (IEPF) are not eligible for consideration under the special window.

Company Details

The notice was issued by Power Grid Corporation of India Limited from its Corporate Office at "Saudamini", Plot No. 2, Sector-29, Gurugram-122001, Haryana, and its Registered Office at B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi-110016. The SEBI Circular referenced in the notice can be accessed at the official SEBI website. The announcement was signed by Satyaprakash Dash, Company Secretary and Compliance Officer, at Gurugram on May 11, 2026.

Historical Stock Returns for Power Grid Corporation of India

1 Day5 Days1 Month6 Months1 Year5 Years
+1.03%-2.56%-10.46%+6.58%-2.73%+122.80%

How many eligible shareholders are expected to utilize this special window, and what is the estimated value of physical securities that could be dematerialized before the February 2027 deadline?

Could the one-year lock-in restriction on transferred securities impact Power Grid Corporation's stock liquidity or retail investor sentiment in the near term?

Will SEBI consider extending similar special windows to other PSUs or listed companies beyond Power Grid Corporation, given the broader challenge of unclaimed physical securities across Indian markets?

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POWERGRID Board Approves Rs 4,000 Crore Loan from State Bank of India

1 min read     Updated on 01 May 2026, 09:42 AM
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Power Grid Corporation of India's board of directors approved a significant funding arrangement worth Rs 4,000 crore through an unsecured rupee term loan or line of credit facility from State Bank of India. The approval was granted during a board meeting held on April 30, 2026, and the company has maintained regulatory compliance by informing stock exchanges as per SEBI requirements.

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Power Grid Corporation of India board has approved raising funds worth Rs 4,000 crore from State Bank of India through an unsecured rupee term loan or line of credit facility. The approval was granted during a board meeting held on April 30, 2026, marking a significant strategic funding initiative for the power transmission company.

Board Meeting Details

The board meeting was conducted on Thursday, April 30, 2026, with proceedings commencing at 10:30 AM and concluding at 11:35 AM. During this session, the directors considered and approved the proposal for securing the substantial funding arrangement with State Bank of India, one of India's leading public sector banks.

Parameter: Details
Funds Approved: Rs 4,000 crore
Funding Type: Unsecured Rupee Term Loan/Line of Credit
Banking Partner: State Bank of India
Meeting Date: April 30, 2026
Meeting Duration: 10:30 AM to 11:35 AM
Status: Board Approved

Regulatory Compliance and Communication

The company has maintained full transparency by communicating this development to stock exchanges in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. The formal communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, ensuring all stakeholders remain informed about this material corporate decision.

Corporate Governance

Company Secretary and Compliance Officer Satyaprakash Dash signed the regulatory filing, confirming the board's decision and ensuring proper adherence to corporate governance protocols. The announcement was made with reference to the company's NSE scrip ID POWERGRID and BSE scrip code 532898, maintaining regulatory compliance standards.

This funding approval provides POWERGRID with access to substantial financial resources that will support its operational requirements and strategic growth initiatives in India's power transmission sector.

Historical Stock Returns for Power Grid Corporation of India

1 Day5 Days1 Month6 Months1 Year5 Years
+1.03%-2.56%-10.46%+6.58%-2.73%+122.80%

What specific power transmission projects or infrastructure expansions is POWERGRID likely to fund with this Rs 4,000 crore facility?

How might this large unsecured borrowing impact POWERGRID's debt-to-equity ratio and credit rating in the coming quarters?

Will this funding arrangement influence POWERGRID's competitive positioning against private players in India's expanding renewable energy transmission sector?

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1 Year Returns:-2.73%